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Benefit Insights: Fiduciary - The New "F" Word

There has been a large amount of upheaval in the retirement world as of late and it centers around the “F”
word. And by “f” word, I mean “fiduciary.” The New Fiduciary Rule means that many professionals in the finance world that weren’t previously considered fiduciaries will now have to take on that title. In April 2016, the Department of Labor (DOL) laid out its plan to implement the “New Fiduciary Rule” or
“Best Interest Rule.” However, after several delays, further phases of the rule have been pushed out to July 2019. Read more to understand what the plan sponsors need to know.